The global laboratory informatics market size is expected to reach USD 4.21 Billion at a steady revenue CAGR of 6.5% in 2028, according to latest analysis by Emergen Research. Laboratory informatics market revenue growth is expected to be continued to be driven by factors including rising need for more cost-effective laboratory automation solutions and increasing adoption of laboratory information management systems in bio-banks or bio-repositories. In addition, constantly evolving technological advancements in software solutions for laboratory informatics and rising need to comply with regulatory standards are other major factors expected to boost revenue growth of the global laboratory informatics market during the forecast period.
The Global Laboratory Informatics Market Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Laboratory Informatics Market market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.
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Effect of COVID-19 on the global market for Laboratory Informatics Market
The COVID-19 pandemic had a significant negative influence on the market for Laboratory Informatics Market in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Laboratory Informatics Market were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Laboratory Informatics Market in 2020. Additionally, demand for Laboratory Informatics Market decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Laboratory Informatics Market market : Competitive Landscape
The prominent players operating in the Laboratory Informatics Market market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Laboratory Informatics Market market .
Agilent Technologies, Inc., Dassault Systèmes SE, LabLynx, Inc., Thermo Fisher Scientific, Inc., LabVantage Solutions, Inc., Cerner Corporation, McKesson Corporation, PerkinElmer, Inc., Accelerated Technology Laboratories, Inc., and Waters Corporation
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the Global Laboratory Informatics Market Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.
Based on types, the market is segmented into
Component Outlook (Revenue, USD Billion; 2018-2028)
- Software
- Services
Deployment Outlook (Revenue, USD Billion; 2018-2028)
- Cloud-based
- On-premises
- Web-hosted
Solution Outlook (Revenue, USD Billion; 2018-2028)
- Electronic Lab Notebooks
- Laboratory Information Management Systems
- Scientific Data Management Systems
- Electronic Data Capture
- Laboratory Execution Systems
- Clinical Data Management Systems
- Enterprise Content Management
- Chromatography Data Systems
Regional Outlook :
The growth of the Laboratory Informatics Market Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.
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